Brazil: More Than Crisis, Carnival, And Samba
You overemphasized our country's problems ("Brazil: Deepening crisis," Special Report, Mar. 22). The currency has recovered some of its value, and inflation won't pick up while the country is in recession. Moreover, consumers are aware of the best buys, which should push prices down. In the past, when we lived in a closed economy, it was harder to manage that; also, there used to be so much indexing that a simple hike in oil prices could set off price markups everywhere else.
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